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Personally I believe the new rules are meant to prevent investors from complaining, either you are competent or your broker/advisor is held responsible. If these rules had existed before the Lehman minibombs went off, MAS would be surely be immune to investor complaints.
Furthermore PAP has this reflex remedy for any problems, more tests. Even FDWs who cannot read English must pass a written test, surely the height of stupidity. There so many tests now.
In any case PAP has this donkey stance, they just ignore all feedback which does not fit their worldview. The donkey is never wrong.Reply
This is becoz govt has vested interest to support local stock market.
I was introduced to investing in overseas blue chips over 10 years ago by an uncle. Dollar-cost averaging into rock-steady blue chips with strong branding, international reach and solid balance sheets. I’ve never regretted it. Companies like Coke, Pepsi, Budweiser (now Anhauser), P&G, J&J, Altria, Philip Morris, Microsoft, Intel, McDonalds, Colgate-Palmolive, Eli Lilly, Pfizer etc. These companies may be boring, but damn they keep on increasing their dividends every year, even during 2008 and 2009. And to pump in those dividends back into these blue chips in order to maximise the returns.Reply
..and on top of all that, only those aged 55 and above are allowed to Invest??
Can anyone clarify?
BRF Brasil Foods SA (NYSE ADR: BRFS)Reply